Yes. Foreign investors can set up 100% foreign owned companies as long as their business activities in Myanmar are not on prohibited or restricted lists.

The following industries are prohibited for foreign investment: press and publication in Myanmar or ethnic languages of Myanmar, freshwater fisheries and related services, import and export inspection and quarantine of animal products, pet care, forest products processing and manufacturing, small and medium-sized mineral exploration and mining and feasibility study carried out according to mining law, small and medium-sized mineral processing smelting, shallow wells are drilled, aliens' residence certificates are printed and issued, exploration and exploitation of jade and jewelry, tour guide, mini-markets and convenience stores etc..

Foreign investment in the following sectors is permitted only through a joint venture with Myanmar local investors: fishery wharf and fishery market construction, research activities related with fishery, veterinary, farming, manufacturing and domestic distribution of plastics, chemicals used natural raw materials, flammable, oxidizing agent and the compressed gas, corrosive chemical, industrial chemical gas, grain processed products, pastries, foods (except milk and dairy products), malt liquor, ice cube, soap, cosmetics, development, sale and lease of residential apartments and condominiums, local tour services and overseas medical intermediary services etc.

According to the updated regulation of the Ministry of Commerce of Myanmar, wholly foreign owned companies can engage in the wholesale, retail and trading of goods that are either manufactured in Myanmar or imported. However, it is not allowed to operate mini-markets and convenience stores with a floor area less than 929 square meters.

Yes. There are minimum capital requirements for setting up a wholly foreign owned trading company in Myanmar. The minimum capital required for a wholly foreign owned retail company is USD3 million. The minimum capital required for a wholly foreign owned wholesale company is USD5 million.